Dividend policy

Wärtsilä's target is to pay a dividend of at least 50% of operational earnings over the cycle.

Dividend proposal for the financial year 2017

The Board of Directors proposes that a dividend of EUR 1.38 per share be paid for the financial year 2017. The parent company’s distributable funds total EUR 1,002,092,268.56, which includes EUR 161,085,555.55 in net profit for the year. There are 197,241,130 shares with dividend rights. The dividend will be paid in two instalments.

The first instalment of 0.69 euro per share will be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd on the record date 12 March 2018. The payment date proposed by the Board for this instalment is 19 March 2018.

The second instalment of the dividend shall be paid in September 2018. The Board of Directors will propose to the Annual General Meeting a share issue without payment (share split). If the Board’s proposal is approved, the second instalment will be divided between one old and two new shares so that EUR 0.23 will be paid for each share. If the general meeting does not approve the share issue without payment proposed by the Board, the second instalment will be paid in the same manner as the first, i.e. EUR 0.69 per share.

The second dividend instalment will be paid to shareholders who are registered in the list of shareholders maintained by Euroclear Finland Ltd on the dividend record day, which, together with the payment day, shall be decided by the Board of Directors in its meeting scheduled for 18 September 2018. The dividend record day for the second instalment as per the current rules of the Finnish book-entry system would be 20 September 2018 and the dividend payment day 27 September 2018.

About Wärtsilä

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

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